The volume is declining. I expect it will drop to 5500-5600.
Emotions are the most important aspect of a traders success
The most of traders forget about mining side of BTC. They only see TA. I think that is not true. The average costs for mining BTC is $4758 + 15% extra costs = $5471. $5400-$5500 would be a competitive advantage certainly for miners, but also for traders. That’s because once the price goes below that cost, miners would no longer be in profit. So you’d think miners...
Wyckoff introduces us to the factors of how a ‘wild’ or volatile market thus winds down to an equilibrium (or balance) level between buyers and sellers, and in this time, many traders get bored (look at how Volume is declining). However, once the balance is disrupted, one side of the market gets squeezed as the other jumps in, creating a breakout or range...
PSY —preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC —buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, and heavy or urgent buying by...
I think the spring is coming. My prediction is 5800-6000
Wyckoff introduces us to the factors of how a ‘wild’ or volatile market thus winds down to an equilibrium (or balance) level between buyers and sellers, and in this time, many traders get bored and look elsewhere for other opportunities. Right now BTC 's equilibrium is 7450-7550 and as you see the volume is decreasing. I HOPE IT WILL HOLD PRICE ABOVE 7450,...
- Amazing uptrend channel - WTO is at the bottom - RSI shows it can bounce from here - SRSI is oversold
POA looks good. It found support at 236 fib.
The chart explains itself. Support zones are 570-575 and 555-560
I have 2 scenarios for BTC, 1) RSI shows that it has to bounce from 7200 and will break out the pennant. 2) Bull trap. If BTC breaks down 6800, it will go to 5000.
Events for GVT 22 May : The Alpha version of the GV 1.15% 1.15% platform will be presented 30 May : Genesis Vision Markets release 30 September : Beta version launch TA - Double bottom at 197 - I think it will break out the triangle and go to 695 within 1 month Stop loss is 194 Buy and hold this amazing coin
9170-9200 is confirmation of break out. If BTC breaks down 8800, be ready for the next crash!
- Strong support at - Everytime it touches the support zone, it bounces - I see H&S pattern. So the best sell price is 700-720 Note : It is so risky to trade right now due to BTC. Market is bearish. Be careful. But the trade has low risk. Ratio is -5/+16% Good luck!
I hope BTC will break out the falling wedge and hit 8800. Stop loss is 7750
Zil broke out falling wedge. I suggest you buy it above 1772. Targets are 1) 1900 2) 2000 3) 2100 4) 2200 5) 2400 Stop loss is 1540
- Price is above EMA20,50,100,200. Super bullish. - 0.5 fib support the price - Price is above Ichi and RSI is 55. Bullish